Oct 23 & 24 - 3 up 3 down

Oct 23 - So BRCM opened up and contd to go above 15 so I covererd at $15.15 loss of $300 (just a note my position on BRCM was taken on 22/Oct not 23/Oct, at least thats what my account says). So now I am upset, coz I waited 3 days to make my CIT work for me, made a profit walked away left quite a bit on the table and here I am down on a silly BRCM trade. (Reminder to self - take losses quick, coz had I held onto BRCM till Oct 24, I would have been down more coz it went up to $16 something)



There is a positive side to this, tks to GOTS and slots call on DDR I did a quick 1k short position and within 6 min in and out to bring me into the green on Oct 23. I was now smiling coz I not only recovered my $300 loss but made I think another $300. That was it for Oct 23



Oct 24 - Did another silly short trade on BSX, well it was not really silly coz I was in the green about $70, instead of taking that and being happy, I just hung on hoping it will break the support it had come to several times before (probably coz CIT went fruther down after I got out earlier that week). Well as you'd probably guessed, it went back up and I got out for a loss of $160. One other thing to remember, my profits and losses do not include my commissions.



So I was pretty upset, again BSX was not a GOTS call, don't know why on earth I play these. But a positive end here again and again it was DDR to the rescue, shorted 500 shares at $10.75 and got out quick at $10.25, within 9 mins, to bring me back to the green. So I decided that was it for the day, I was up about $60 for the day and I wanted to end it that way.



I don't have too much time to trade so I figured if I can end in positive, even though its small, I'll assess it at the end of the month. The way I see it is, if bank pays lets say 5% p.a. ($0.42%/ month)on a fixed deposit, if I can 1-2% per month on my part time trading, I would be content.



That's my update so far, lets see how the next week goes.



Cheers